2628 Telegraph Avenue # 1, Berkeley

$925,000

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0 Bed
0 Bath
.16 Acre
0 Garage

PRICE REDUCED - Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire 2628 Telegraph Avenue (the Property) on iconic Telegraph Avenue in Berkeley, California. This 100% leased commercial medical office condominium is situated on highly trafficked Telegraph Avenue. The property is occupied by a single tenant on a net lease basis with a lease expiration date in 2030. This offering offers an investor the rare opportunity to own a high-quality asset providing stable income and long- term value | Rare medical office investment property on iconic Telegraph Avenue in Berkeley, California | 100% leased to a single tenant medical user; The Joint Chiropractic | Long-term lease with a lease end date of October 2030 | Annual 3% rental increases | Excellent curb appeal and street frontage on highly trafficked Telegraph Avenue.

Essential Information

MLS® #
ML81958443
Price
$925,000
Bathrooms
0.00
Acres
0.16
Year Built
2006
Type
Commercial Sale
Status
Active

Community Information

Address
2628 Telegraph Avenue # 1
City
Berkeley
County
Alameda
Zip Code
94704
Senior Community
N

Interior

Heating
Central
Cooling
Central Air

Exterior

Roof
Other

Additional Information

Date Listed
March 21st, 2024
Days on Market
45
Zoning
C-C

Listing Details

Agent
Juan De Leon
Office
Cornish & Carey Commercial
Property History
Price Reduced from $1,000,000 to $925,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 9:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.